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Stock Diversification Question

Posted on 3/5/13 at 8:40 am
Posted by Lsut81
Member since Jun 2005
81484 posts
Posted on 3/5/13 at 8:40 am
For the stock gurus on here...

I've got quite a few shares of Boeing currently. I was considering selling off about half and picking up something like ConocoPhilips or ExxonMobil.

Thoughts?

I'd prob hold out a few months in order for Boeing to get the Dreamliner mess cleared up, but I don't see it going much higher than $80. Its fought back from $73ish when the mess went down to over $77 currently.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37722 posts
Posted on 3/5/13 at 8:43 am to
What did you buy/get them at?
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
767 posts
Posted on 3/5/13 at 9:39 am to
I recently bought COP. Seems to be a very stable stock with a great dividend. I don't see much more downside although I don't expect quick gains either
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/5/13 at 9:46 am to
A Wilshire 5000 index fund will give you plenty of diversification fwiw.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6083 posts
Posted on 3/5/13 at 3:38 pm to
I would stay out of the stocks for a little while and hold the cash. Markets are way too inflated right now. Give it some time to dump itself and then pick up the pieces.
Posted by mach316
Jonesboro, AR
Member since Jul 2012
4801 posts
Posted on 3/5/13 at 3:56 pm to
I think BA will continue to climb, but being diversified is important. Nothing wrong with taking some profits now, and buying something else on the dips. Good luck..
Posted by dwr353
Member since Oct 2007
2135 posts
Posted on 3/6/13 at 11:40 am to
I like COP and ETP(both great dividends, profitable, and good long term holds). S&P gibe both a buy rating also if that is important to you. ETP bought out Sun Oil.
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